Debt consolidation information: find out today
Debt Consolidation is the ideal solution in case of over-indebtedness, as it allows you to group the loans in progress into a single, fixed and sustainable installment. Let’s see when it is appropriate to request debt consolidation, how it works and what are the requirements to access it.
There is talk of over-indebtedness when the debts exceed the resources available to us. It can happen to everyone, especially when you are faced with unexpected expenses, such as those to renovate your home or repair your car, which adds up to the installments of small and large loans that already exist.
This is a rather common situation, and it is no coincidence that a specific financial solution has been developed to resolve it: Debt Consolidation.
Debt Consolidation: how it works and who to ask for it
Debt Consolidation allows you to combine multiple loans into a single loan, re-modulating both the amount of the installment and the duration of the amortization plan. It is, therefore, a solution capable of offering payments always within our reach and sustainable return times, two fundamental requirements for safeguarding the quality of life of families in difficulty.
To request Debt Consolidation it is not necessary to contact the entities that have granted the existing loans. In fact, you can rely on any authorized financial institution, by submitting:
- your personal documents (identity card and tax code);
- the practices relating to the active loans that you intend to merge;
- income certificates (paycheck or pension slip).
Resolves the over-indebtedness with the Transfer of the Fifth
Employees and retirees can request Debt Consolidation with Cession of the Fifth, an increasingly requested and appreciated credit instrument.
The employee loans allow you to combine multiple loans into a single sustainable installment because it never exceeds 20% of your salary or pension, a portion that corresponds precisely to one-fifth of the total.
Monthly payments are also automatically deducted from your paycheck or pension, once and for all solving the problem of skipped installments.
The Transfer of the Fifth allows to overcome the over-indebtedness while offering a loan:
- Practical: the existing debts are grouped in one monthly installment, always within our reach and paid automatically.
- Protected: the practice always includes insurance, to protect the applicant and his family.
- Reserved: no mortgages or third-party signatures are needed, just the guarantee provided by your salary or pension.
Credit & Loans – has been working in the credit sector for over 20 years and specializes in loans with employee loans. Do you want to know our proposals to get out of over-indebtedness and find serenity? Request a consultation today, our experts are at your disposal to show you a customized solution.